Johcm International Correlations

JOPSX Fund

USD 12.17 0.09 0.73%

The current 90-days correlation between Johcm International and Baron Health Care is 0.39 (i.e., Weak diversification). The correlation of Johcm International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Johcm International Correlation With Market

Weak diversification

The correlation between Johcm International Opportunit and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johcm International Opportunit and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johcm International Opportunities. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Johcm Mutual Fund

0.84	REGIX	Regnan Uk Umbrella	Pair Corr
0.8	TSWMX	Tsw Emerging Markets	Pair Corr
0.78	JOEAX	Johcm Emerging Markets	Pair Corr
0.89	JOGEX	Johcm Global Equity	Pair Corr
0.77	JOEIX	Johcm Emerging Markets	Pair Corr
0.77	JOEMX	Johcm Emerging Markets	Pair Corr
0.8	JOHIX	Johcm International	Pair Corr
0.89	JOGIX	Johcm Global Equity	Pair Corr
0.8	JOHAX	Johcm International	Pair Corr
0.89	JOMEX	Johcm Emerging Markets	Pair Corr
0.89	JOMMX	Johcm Emerging Markets	Pair Corr
0.85	VGTSX	Vanguard Total Inter	Pair Corr
0.85	VTIAX	Vanguard Total Inter	Pair Corr
0.85	VTSNX	Vanguard Total Inter	Pair Corr
0.85	VTPSX	Vanguard Total Inter	Pair Corr
0.85	VTISX	Vanguard Total Inter	Pair Corr
0.79	VTMGX	Vanguard Developed	Pair Corr
0.8	VDVIX	Vanguard Developed	Pair Corr
0.8	VTMNX	Vanguard Developed	Pair Corr
0.8	VDIPX	Vanguard Developed	Pair Corr
0.73	FSPSX	Fidelity International	Pair Corr
0.63	BCGDX	Blue Current Global	Pair Corr
0.79	NPNRX	Neuberger Berman Large	Pair Corr

Moving against Johcm Mutual Fund

0.7	TRBUX	T Rowe Price	Pair Corr
0.68	LETRX	Voya Russia Fund	Pair Corr
0.67	CPRTX	Clarion Partners Real	Pair Corr
0.64	LCTIX	Leader Total Return	Pair Corr
0.56	GLDZX	Low Duration Bond	Pair Corr

Related Correlations Analysis

	BHCHX	BHSRX	XXGRX	SCHLX	XBMZX	RAGHX	HCPIX
BHCHX		0.95	0.92	0.97	0.94	0.96	0.95	BHCHX
BHSRX	0.95		0.94	0.95	0.88	0.9	0.95	BHSRX
XXGRX	0.92	0.94		0.93	0.91	0.89	0.92	XXGRX
SCHLX	0.97	0.95	0.93		0.9	0.97	0.99	SCHLX
XBMZX	0.94	0.88	0.91	0.9		0.92	0.88	XBMZX
RAGHX	0.96	0.9	0.89	0.97	0.92		0.96	RAGHX
HCPIX	0.95	0.95	0.92	0.99	0.88	0.96		HCPIX
	BHCHX	BHSRX	XXGRX	SCHLX	XBMZX	RAGHX	HCPIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Johcm Mutual Fund performing well and Johcm International Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Johcm International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BHCHX	0.69	(0.06)	(0.06)	1.34	(1.58)	4.16
BHSRX	0.72	(0.12)	(0.16)	1.18	(1.63)	6.63
XXGRX	0.73	(0.09)	(0.33)	1.23	(1.62)	3.71
SCHLX	0.64	(0.05)	(0.07)	1.27	(1.60)	3.10
XBMZX	0.70	(0.05)	(0.06)	1.03	(1.44)	6.13
RAGHX	0.70	(0.05)	(0.04)	1.23	(1.55)	3.33
HCPIX	0.99	(0.09)	(0.08)	1.87	(2.01)	4.24

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